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I also work in water years as an engineer with a municipal utility, now as a planner for the state.

Right now the trend in water and wastewater utilities is privatization, so any firms in that line of work would be worth a look. And with water quality regulations getting tighter and tighter, plus more use of reclaimed water, so companies coming out with new water treatment technologies might be worth a look.

I've also noticed the same merger-mania among engineering/environmental/geological consulting firms that's going on in other industries. I've been sort of watching...uh, they've merged so many times I no longer know their name! URS Greiner-Woodward Clyde-Dames & Moore (have to call up my friend who works for them and see what their calling themselves now!)

And don't forget bottled water! Growth in this area is astronomical...

U.S. Water News publishes a Water Investment Newsletter with information on companies in all the above areas, for anyone with more interst:

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